Australia's Finance Minister, Penny Wong, discusses the country's future direction in the wake of the government's new policy paper, which discusses how Australia can take advantage of the rise of Asia.

With power prices doubling in the past five years, the Australian Industry Group has joined consumer groups and charities in putting forward ideas for reform that would give a better deal for business and consumers.

Tony Abbott insists the Coalition will not ease up on its strong anti-carbon tax strategy, despite the latest opinion poll showing a drop-off in support that has left it level with Labor after preferences.